Under Armour should be bought aggressively on pullbacks, says Janney Capital Janney Capital raised its fair value estimate on Under Armour to $72 from $58 following the company's Q2 report and increased guidance. The firm believes the stock's premium multiple is warranted and recommends being more aggressive in buying shares on any near-term pullbacks in the stock.
lululemon upgraded to Overweight from Neutral at JPMorgan JPMorgan upgraded lululemon (LULU) to Overweight saying its recent field work has indicated positive traffic and demand trends while management is laying the foundation for sustainable growth. The firm raised its price target for shares to $75 from $50. The retailer of athletic apparel closed yesterday up 90c to $63.76. JPMorgan notes that its $75 price target reflects a 20% discount to peers Nike (NKE) and Under Armour (UAUA).